COMMENTARY

Let me make a few point about this week's rally.
First, the ten year bond yield rise is obviously due to the lack of interest in the safety of bonds and the stupidity of investors running back into stocks. But is it really so obvious? I am skeptical. My suspicious mind has been fed by China's report yesterday that the Chinese governments stimulus is going to be a boon for the country. So the Fed comes out yesterday with no changes and China is now going to lead the world out of it's recession, and Cramer threw out a few stocks that would benefit from this upturn.

I think the ten year yield rise is the Fed making the back room deals with the Chinese and maybe the Arabs, to come and buy Treasuries now, we will prop up the stock market, even though banks are insolvent, and now taxpayers are insolvent, and earnings are worse by 50% in most cases, and unemployment keeps rising, but if we say it ain't so, then those investors and shorts will be forced to come back in to catch the fake rally so you Chinese and Arabs, can get a better return on your investment here in america.

Call me a cynic, but I just don't care anymore. I am SHORT this market and will stay that way until it all comes crashing back down, which it will because it is wrapped up at the top tighter than a crab's arse, and when it lets loose, it will be more than a ten percent correction and I will have cleaned up. I refuse to be a sucker. Financial planners on CNBC are telling clients that now is the time to get back into this market and you must BUY and HOLD. Because people think they missed the March rally (and they did), they will be tricked (by their own greed of course) into getting in now when it is too late so that brokerage houses can make their money now by being on the short side. Remember, more insiders have sold shares in the past month than at any time since the depression. That means that company insiders know earnings will be in trouble if not bankrupt for some time.

So stay in cash and stay ahead of the curve. -Tradebum